economics MCQs – Page 24

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

461. A widely used indicator to differentiate developed countries from developing countries is ?
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A. international trade per capita

B. real income per capital

C. unemployment per capita

D. calories per capita

462. Which of the following must always balance ?
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A. The balance of invisible trade

B. The balance of payments

C. The balance on the current account

D. The balance of visible trade

463. Economic sanctions?
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A. affect international trade but not international financial flows

B. involve restrictions on imports, but not exports

C. involve restrictions in imports exports and or financial flows

D. are prohibited by the World Trade Organization

464. What is Black Money ?
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A. None of these

B. Money earned through underhand deals

C. Income on which payment of tax is usually evaded

D. Illegally earned money

465. Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexicos imports equal ?
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A. 10 radios

B. zero radios

C. 5 radios

D. 15 radios

466. To be considered a good candidate for export cartel, a commodity should ?
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A. have a low price elasticity of supply

B. be a manufactured good

C. be a primary product

D. have a high price elasticity of demand

467. Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
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A. NASDAQ

B. Dow Jones Index

C. Major Index

D. Nikki Index

468. What is Dumping ?
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A. Sale of goods in large quantities with low quality

B. Sale of goods in large quantities with high price

C. Sale of goods in large quantities with high quality

D. Sale of goods in large quantities and at a low price

469. Government levy tax on imports and exports What this tax is called ?
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A. Custom

B. Tariff

C. Exercise Duty

D. Freight

470. What is called that debt obligation backed strictly by the borrowers integrity ?
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A. Credit rating

B. Debenture

C. None of them

D. Securities

471. Portion of a companys profit paid to common and preferred shareholders is called ?
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A. Dividend

B. Gross Profit

C. Profit share

D. Right share

472. Which term is used for a countrys holdings of intentionally acceptable means of payment ?
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A. Foreign currency

B. Holdings

C. Reserves

D. Treasure

473. A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
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A. Fixed investment

B. term deposit

C. Bond deposit

D. time deposit

474. Commercial policy means_______________?
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A. Policy about money supply

B. Policy about markets

C. Policy about imports and exports

D. Policy of controlling of prices of goods

475. Those who argue in favor of import protection generally give the impression that such restricted trade will?
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A. provide benefits to some particular industry

B. provide benefits to the entire nation

C. not yield welfare losses for the nation

D. decrease the level of national security

476. There are certain products which are sold without brand name or trademark What these products are called ?
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A. Forged goods

B. Clean goods

C. Generic

D. Contraband

477. Reduction in the circulation of money resulting from fall of prices is known as ?
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A. deflation

B. inflation

C. cost

D. cost effective

478. What is the rate of exchange or exchange rate ?
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A. Ratio at which unit of one countrys currency is exchanged for unit of another country currency

B. Foreign currency holding

C. None of them

D. Power to buy foreign currency

479. An evaluation of an individuals or companys ability to obligations or its likelihood of not defaulting is known as ?
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A. Credit rating

B. Credit credibility

C. Credit risk

D. Credibility

480. The standard of living in a country is represented by its ?
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A. Per capita income

B. Poverty ratio

C. National income

D. None of these

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